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بوابة أخبار اليوم
Gold price of quarter ounce on August 22
The price of the gold pound in the Egyptian market experienced a modest decline during today's Saturday trading, August 22. It reached approximately 52,800 EGP, excluding craftsmanship fees, after opening at around 52,920 EGP, losing about 120 EGP. This comes amid a global gold exchange holiday that ended yesterday with gains exceeding $225. The gold pound is made of 21-karat gold and weighs 8 grams, with other denominations such as half a pound and quarter of a pound available. Craftsmanship fees are among the lowest for gold jewelry, ranging between 50 and 75 EGP per gram, with a portion recoverable upon resale. The gold pound is valued for its flexibility as an investment tool, as it is easy to trade and allows for the recovery of part of the craftsmanship fees, making it a preferred choice for investors.
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